Making a profit and generating cash is vital to all businesses and a key way to improve profit is to reduce overheads, here are a few ideas:
Re-think your office/premises requirements – Premises are big cost for most businesses, could you operate in a smaller space and sub-let part of your offices? could you work from home?
Telecommute – Technology effectively reduces distance, so there is no need to require administrative people or specialists to be physically located together. Use VOIP, Skype and Video Conferencing.
Cars – Company Cars can be expensive, time consuming to manage and emotive, why not consider car allowances
Staff – Generally the biggest overhead is people, consider outsourcing rather than having the fixed overhead of in house staff
Shop around – Are you getting the best deals on Stationery, Printing, Insurance, Light & Heat…..
Students – Students, apprentices and interns are eager to learn and will be less expensive then experienced employees
Refinance Debt – Could you reduce the cost of borrowing? could you borrow from your Self Invested Pension Plan?
Paper – Sorting, filing, and finding files requires time and space. Purchase a scanner and scan all important papers and keep them in well organised electronic files to save space and administrative costs.
Go Green – Reducing waste and saving energy will save money too
Buy Second Hand – Second hand office furniture is plentiful and its cheaper than buying new
How does it work for Cashback claims? (launched 28th January 2013)
To qualify for the Cashback householders must:
• have a Green Deal assessment carried out on the property
• get and agree quotes from a Green Deal Provider (this could be directly with a national brand or through a local tradesperson linked with a Provider)
• apply for Cashback voucher online or by phone.
Your Provider may be able to do this for you – ask them
• complete works within three months (six months for solid wall).
Householders can fund improvements through a Green Deal Plan, or pay in other ways, and get the Cashback but they must use a Green Deal Provider to arrange the work. The more improvements a householder makes, the bigger the Cashback.
Householders can only make one claim for the Cashback, but it may cover a package of improvements recommended by the Green Deal assessment. The Government Cashback is separate and additional to any similar offers that may be made by Green Deal Providers.
Customers will receive a cashback payment once Providers have confirmed work has been carried out and the Energy Performance Certificate has been updated. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/65572/6715-the-green-deal-cashback-for-energy-saving.pdf